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Mar 21, 2013
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ceiling, there's fiscal cliffs, there's all of thee things. yet if you look back at this past four years the economy has continue to grow. it is what we call the plow horse economy. it is not going to fall over. it is going to keep moving forward, productivity is improving. efficiency is improving and profitability is improving. and that's what's been driving the economy and the stock market. >> one last quick comment, chad. >> it is a big "but." brian is correct that the u.s. government -- u.s. economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just setting up my twitter. since then the media giant has become a staple for
ceiling, there's fiscal cliffs, there's all of thee things. yet if you look back at this past four years the economy has continue to grow. it is what we call the plow horse economy. it is not going to fall over. it is going to keep moving forward, productivity is improving. efficiency is improving and profitability is improving. and that's what's been driving the economy and the stock market. >> one last quick comment, chad. >> it is a big "but." brian is correct that the...
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Mar 25, 2013
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short term i just see a minor correction over the debt ceiling debate, over europe. and then a new high. i do see the s&p going to 1600 this year. probably this summer. >> really? >> then i see growing chances of a major correction that may take a couple years or may take several years. but it's clear to me u.s. demographics only get worse. we're running $2 trillion. fiscal stimulus. in qe a year to create $300 billion in gdp growth. 2% growth. that's a bad equation. >> nathan, why don't you pick it up. part of harry's argument seems to make sense. he is looking for 1600 in the s&p at some point. change your view at all? >> yeah, i know. harry has been calling for the world to come to an end for a long time. i brought my umbrella. >> what are you, mary poppins? >> i'm going to take off. look, the fact of the matter is we are actually having good news. it's hard for some people to say, really, there's fwood news? you pump $4 trillion in. you don't have the fed pulling its money out which it's not going to do any time soon. you've got to take a look at facts on the gro
short term i just see a minor correction over the debt ceiling debate, over europe. and then a new high. i do see the s&p going to 1600 this year. probably this summer. >> really? >> then i see growing chances of a major correction that may take a couple years or may take several years. but it's clear to me u.s. demographics only get worse. we're running $2 trillion. fiscal stimulus. in qe a year to create $300 billion in gdp growth. 2% growth. that's a bad equation. >>...
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Mar 19, 2013
03/13
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ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we have several problems. the trillion dollars that obama obama -- obamacare tax increases in this decade have begun to hit now. oddly enough the democrats in the house and senate decided to put the tax increases, both of them after the 2012 election so everybody voted and now the tax increase has hit. this is not helpful for the economy and they think it's going to be unpleasant. >> host: up next from watertown south dakota on the democratic line. good morning, ron. >> caller: good morning and thanks for taking my call. i listened to you f
ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion...
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Mar 18, 2013
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larger plan to raise the debt ceiling. krazak from cq roll call. >> starting tonight at 9:00 p.m. eastern, our first lady series continues with a look at the lives of elizabeth monroe and louisa out front -- adams. on c-span [applause] , "the communicator's." , discussingn3 policy and the future of afghanistan. now, remarks from joint chiefs of staff chairman martin dempsey on the future of the persian gulf sharing his thoughts on u.s. engagement in the region held by the center for strategic studies, this is 50 minutes. [applause] you, doctor. if i could return some of the kind words, he has been one of those individuals in my life, whenever i had a particularly ,exing challenge, which is neary whether i was the acting commander or chief staff, i could call them up and he could gather a group together and let me hang around some of our most complex problems. i appreciate -- it is good to see you again, sir. ambassador is, especially the future diplomats of our world, those of my generation hoping to wrap this and a little
larger plan to raise the debt ceiling. krazak from cq roll call. >> starting tonight at 9:00 p.m. eastern, our first lady series continues with a look at the lives of elizabeth monroe and louisa out front -- adams. on c-span [applause] , "the communicator's." , discussingn3 policy and the future of afghanistan. now, remarks from joint chiefs of staff chairman martin dempsey on the future of the persian gulf sharing his thoughts on u.s. engagement in the region held by the center...
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Mar 18, 2013
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republican said, ok, we will raise the debt ceiling for the country does not default, but only if you agree for a dollar for dollar reduction in spending over the next decade. and so, yet $2.50 trillion of spending restraint -- not real cuts but spending less than obama had hoped. in washington that is called a cut. if you wanted 10 of something and you only got eight of something, you say i got cut two. if you actually walk away with eight. so, that was a $2.50 trillion spending reduction over the next decade. it has not happened yet. we have several problems facing us. the trillion dollars in the obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them, after the 2012 elections. so, everybody voted and now the tax increases hit. it is not helpful for the economy and i think it is going to be unpleasant for voters. from ron is up next watertown, south dakota. democrats' line. caller: thank you for taking my call. i have listened to you for a long time a
republican said, ok, we will raise the debt ceiling for the country does not default, but only if you agree for a dollar for dollar reduction in spending over the next decade. and so, yet $2.50 trillion of spending restraint -- not real cuts but spending less than obama had hoped. in washington that is called a cut. if you wanted 10 of something and you only got eight of something, you say i got cut two. if you actually walk away with eight. so, that was a $2.50 trillion spending reduction over...
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Mar 18, 2013
03/13
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and the republicans said, okay, we'll raise the debt ceiling is so the country doesn't default, but only if you agree to a dollar-for-dollar reduction in spending over the next decade. and so we got $2.5 trillion in spending restraint. not real cuts, spending less than obama had hoped in. in washington that's called a cut. if you wanted ten of something and you only got eight of something, you go i got cut too. actually, you walked away with eight. but, so that was a $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we're still, we have several problems facing us. the trillion dollars in obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them after the 2012 election. so everybody voted, and now the tax increases hit. it's not helpful for the economy, and i think it's going to be unpleasant for voters. >> host: ron's up next from watertown, south dakota, on the democratic line. good morning, ron. >> caller: good morning. >> gues
and the republicans said, okay, we'll raise the debt ceiling is so the country doesn't default, but only if you agree to a dollar-for-dollar reduction in spending over the next decade. and so we got $2.5 trillion in spending restraint. not real cuts, spending less than obama had hoped in. in washington that's called a cut. if you wanted ten of something and you only got eight of something, you go i got cut too. actually, you walked away with eight. but, so that was a $2.5 trillion spending...
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Mar 22, 2013
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ceiling, some other republicans who were there actually walked out of the room. this year we did not have that. more willing to listen. wing of theextreme tea party typically does not attend the harvard new members conferences. [laughter] >> among economists, is very significant debate about your estimate, and if so, what are would we bees that doing that we would be tangling with you on? >> that is a great question. the original estimates came back to us early on from a former student of mine who was working in the administration and who is a brilliant student from omb. he called me and said i have been tasked with setting up a committee to scrutinize all the numbers in your book and to discredit them. i just want to let you know that. i said ok, fine. he came back to me six months later and said i want to tell you we have been through the book with a fine tooth comb. we cannot discredit any of the numbers because they are all on our own numbers. we are going to argue that it was worth it. during that time came out -- argument was not so much around the numbers.
ceiling, some other republicans who were there actually walked out of the room. this year we did not have that. more willing to listen. wing of theextreme tea party typically does not attend the harvard new members conferences. [laughter] >> among economists, is very significant debate about your estimate, and if so, what are would we bees that doing that we would be tangling with you on? >> that is a great question. the original estimates came back to us early on from a former...